This article from The Times of India says that the recession has taken a toll on the entire world. India is encouraging people to study in specialty fields such as nuclear engineering and nanotechnology or to pursue IT management certification.Â
The slump in career prospects in the back drop of the global recession can be used to the advantage of individuals as well as of the nation, by opting for higher studies in specialty domains, said Arunkumar Khannur Chairman and CEO, ISQT Process and Consulting Services Pvt. Ltd., Bangalore.
Delivering a lecture on global recession and its implication on IT industry, which was organized by the institution of engineers here, Khannur gave a broad perspective of economic recession — the causes and its effects on industries and common public. Explaining the money movement and the financial linkages between different components of industrial system, he narrated the different happenings like inflation, deflation and stagflation.
Recession has hit the entire world. India is not an exception though the blow is not very severe. We have to plan and manage the situation intelligently he added.
There has been sudden reduction in career opportunities as the exports have dropped. However, there is still demand for graduates with competence in specialty domains like space engineering, nanotechnology, cyber laws, IPR, nuclear engineering, software technology and infrastructure management among others. The fresh IT graduates need not be scared about lack of immediate job opportunities. Instead, they can use this period to pursue higher studies and add to the professional competence. They should be careful in selecting the areas for higher studies and see to it that they get specialized in upcoming and potential domains. The fresh graduates should seriously consider joining public sectors like ISRO DRDO NAL etc., he stated.
Khannur mentioned that there will be improvement in the situation in a year or two. As a nation it is high time we take this recession period as a challenge and an opportunity and try to create Indian Brand. This will be a more sustainable solution.
A V Shivapur presided. Honorary secretary Mrityunjaya Kappali proposed vote of thanks. Gopalakrishna Joshi welcomed and introduced the guest. V K Parvati also spoke. The session was well attended by the engineers and engineering students.
Tags: engineering, India, IT, jobs, recession